At a Glance
- Tasks: Assess risks, price exposures, and manage client relationships in a dynamic underwriting role.
- Company: Join a collaborative and innovative company that enables possibilities for clients and communities.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity to grow in a fast-paced environment with strong career advancement potential.
- Why this job: Make a real impact by solving complex business problems with talented colleagues.
- Qualifications: University degree, professional certification, and experience in PI underwriting required.
The predicted salary is between 50000 - 60000 € per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Underwriting position within the PI team requires an experienced underwriter in the PI class. Role will support the Line of Business Head in the marketing, underwriting and servicing of business.
Key Responsibilities- Assessment of suitability of risks (renewals and new business), pricing exposures in accordance with approved rating model, discretionary pricing mechanisms, and general business unit guidelines.
- Identify the need for and evaluate additional risk assessment information including Underwriter Representatives’ reports, actuarial and financial reports and statements; and any / all other publicly available information.
- Source input from, and work in conjunction with stakeholders in other departments including claims, actuarial, and operations.
- Maintain ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
- Oversee risks through the life-cycle of a policy: pre-renewal, renewal, ongoing management. Provide best in class service to internal and external stakeholders.
- Perform marketing activities including maintenance of key producer and client relationships. Regularly meet with clients formally and informally. Keep up to date pertinent market developments.
- Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
- Support LOB Head in development and implementation of business planning, data analysis, management and Lloyd’s reporting.
- Technical and analytical skills
- Client & broker relationship management
- Regulatory & compliance awareness
- Problem solving, negotiation & decision making
- Strong interpersonal and leadership skills demonstrating an ability to teach, influence and motivate others
- Strong written and verbal communication skills
- University degree and professional certification desired with suitable underwriting experience
- Knowledge and understanding of rating, coverage and regulations that cover the class of business.
- Experience in a PI underwriting position
- Demonstrated competence in maintaining broker/client relationships.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you.
Underwriter, Professional Liability in London employer: Arch Capital Group
At Arch Europe Insurance Services Ltd, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. As an Underwriter in the Professional Liability team, you will benefit from ongoing professional development opportunities, a supportive environment, and the chance to work alongside industry experts in a dynamic location. Join us to be part of a team that not only values your contributions but also inspires you to make a meaningful impact in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Professional Liability in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and engage with professionals on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that underwriter role.
✨Tip Number 2
Prepare for those interviews by brushing up on your technical knowledge and understanding of the PI class. We recommend practising common interview questions and scenarios related to underwriting. Show them you’re not just a candidate, but the candidate they’ve been looking for!
✨Tip Number 3
Don’t forget to follow up after your interviews! A quick thank-you email can go a long way in keeping you top of mind. We suggest mentioning something specific from your conversation to make it personal and memorable.
✨Tip Number 4
Keep an eye on our website for new job openings and apply directly through us. We’re always looking for talented individuals who share our passion for enabling possibility. Plus, it shows you’re proactive and genuinely interested in joining our team!
We think you need these skills to ace Underwriter, Professional Liability in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your experience in professional liability underwriting and any relevant skills that match the job description. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our collaborative culture. Let us know what makes you tick and why you want to join our team.
Showcase Your Skills:Don’t forget to highlight your technical and analytical skills, as well as your ability to manage client relationships. We’re looking for someone who can problem-solve and communicate effectively, so make sure these skills are front and centre in your application.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and keep track of it. Plus, you’ll be able to explore more about our company culture while you’re at it!
How to prepare for a job interview at Arch Capital Group
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of professional liability underwriting. Understand the key responsibilities outlined in the job description, like assessing risks and pricing exposures. Being able to discuss specific examples from your experience will show that you’re not just familiar with the concepts but can apply them effectively.
✨Showcase Your Interpersonal Skills
Since this role involves maintaining relationships with clients and brokers, be prepared to demonstrate your strong interpersonal skills. Think of instances where you've successfully managed client relationships or resolved conflicts. This will highlight your ability to teach, influence, and motivate others, which is crucial for the position.
✨Prepare for Technical Questions
Expect questions that dive deep into technical aspects of underwriting, such as regulatory compliance and risk assessment. Brush up on relevant regulations and be ready to discuss how you’ve navigated these in past roles. This will show that you have the analytical skills needed for the job.
✨Engage with Market Developments
Stay updated on current market trends and developments in the professional liability sector. Bring this knowledge into your interview to demonstrate your proactive approach and genuine interest in the field. Discussing recent changes or challenges in the market can set you apart as a candidate who is not only qualified but also engaged and forward-thinking.
